The Filer, a foreign issuer, applied for exemptive relief from the prospectus and dealer registration requirements under Ontario securities legislation.
The relief was sought to permit trades in units of a French collective shareholding vehicle (FCPE) and underlying ordinary shares to Canadian employees pursuant to a global employee share offering.
The Ontario Securities Commission granted the requested exemptions, subject to conditions including that the first trade of the securities be made through an exchange or market outside of Canada or to a person outside of Canada.
